IRS Issues Advice to Millions of Taxpayers: 'Get Ready'
The IRS said in a release issued on December 19: "There are a number of things taxpayers can do to get ready as the end of 2024 nears and the start of the 2025 tax season approaches. Taking action now ...
IRS Issues Tax Update for Millions on Family and Medical Leave Programs
According to the new IRS guidance, issued on January 15, employers may deduct payments made toward mandatory state leave programs as an excise tax. Employees can deduct their contributions as income ...